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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 9.97B | 9.4% |
| Gross Profit | 2.64B | 13.2% |
| Cost of Revenue | 7.32B | 8.1% |
| Operating expense | 924M | 4.9% |
| Net Income | 1.35B | 15.5% |
| EBITDA | 1.79B | 18.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 35.2B | 2.2% |
| Total Liabilities | 10B | 1% |
| Total Equity | 24.7B | 3.5% |
| Shares Outstanding | 327M | 0.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 698M | 320.5% |
| Cash from investing | -95M | 256.2% |
| Cash from financing | -677M | 833.8% |
EPS
Financial Highlights for D.R. Horton in Q2 '24
D.R. Horton reported a revenue of 9.97B, which is a 9.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.64B, marking a 13.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.32B, a 8.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 924M, showing a 4.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.35B, showing a 15.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.79B, showing a 18.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for D.R. Horton with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
